Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlights this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. Start off your week on a high note with The Source!
In this week’s edition, we review how the midterm election results could impact future health care decisions, AI and its place in HR and recruiting, how millennials are disrupting benefits and much more!
A Split Congress May Pursue Bipartisan Health Care Fixes
The midterm elections brought a slight expansion of a Republican Senate, though the Democrats took over the majority in the house. With a partisan split, it is unlikely we’ll see any major changes to the Affordable Care Act within the next two years. However, that doesn’t mean we can’t anticipate a few shakeups for other health care legislation, especially as progressives advocate for a government-funded single-payer health care system. See what else could be in store for health care over the next few years in this SHRM summary.
When Employers Take Away This One Workplace Benefits, Employee Stress Soars
Many workers fret about finances or stress about work/life balance, but workers lacking paid sick days are experiencing actual anxiety. When compared to workers that have paid sick time, workers without this benefit were 1.59 times more likely to say they are ‘very worried’ about paying their monthly bills.
Requirements for paid sick leave vary greatly across the board any many states leave a lot to be desired. Learn more about the long-term mental health impacts of not offering this key benefits in this Market Watch report.
AI Makes Its Way Into Recruiting. But Are Employees On Board?
With record low unemployment rates, organizations are feeling the competitive squeeze. Finding and retaining top talent is more challenging than ever and HR teams are beginning to turn to new technology to help ease the recruitment strain. But how do employees feel about the use of AI in the recruitment and hiring process? Is it too sterile and not personal? What’s the most effective way to rely on tech? Find out in this Benefit News review.
How Millennials Are Disrupting Healthcare — And How To Change Benefits Because Of It
The workforce’s largest generational demographic is beginning to shift how we think about employee benefits – is your company on board for the change? If not, your company could be missing the opportunity to really engage with and recruit top millennials. Tech savvy, price sensitive and eager to learn, see four specific strategies HR can implement to better recruit and engage with this in-demand group in this Employee Benefit Adviser recap.
4 Ways Technology Can Help Improve Open Enrollment
The ‘Super Bowl’ of benefits, open enrollment is undoubtedly HR’s busiest season. On top of meeting tight timelines, managing employee communications and overseeing enrollment, HR teams often get swamped with employee questions and inquiries. Learn how technology can help take the burden off of your HR team during open enrollment in this HR Technologist article.
This Week In PlanSource: Using Technology to Create the Best Benefits Experience
Join PlanSource CCO Nancy Sansom as she walks through moments in the employee lifecycle and examines how technology can vastly enhance the benefits experience for employees and the HR teams that support them. From open enrollment to life events and new hires, to ongoing billing and ACA compliance, she’ll discuss where technology not only enhances the benefits package but is essential to a successful benefits experience.